WINNIPEG, March 26 (MarketsFarm) – The Canadian dollar was stronger by over a cent on Thursday.
The dollar finished the day at US$0.7104 or US$1=C$1.4077, compared to Wednesday when it closed at US$0.6992 or US$1=C$1.4302.
The Canadian government says it is asking banks and credit card companies to lower interest rates in light of the COVID-19 pandemic. “We recognize that they are a significant challenge for many Canadians at this point. That is why we are encouraging them to take action to alleviate the burden for Canadians,” said Prime Minister Justin Trudeau in a press conference.
Brent crude oil lost 68 cents to close at US$26.71 per barrel. West Texas Intermediate (WTI) crude oil fell by $1.42 to close at US$23.07 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.17 at $ 3.31
Linamar Corp. up $ 0.21 at $ 29.30
Maple Leaf Foods up $ 1.57 at $ 22.18
Nutrien Ltd. up $ 2.30 at $ 45.93
Ritchie Bros Auctioneers Inc. up $ 2.25 at $ 46.59
Rocky Mountain Dealerships Inc. dn $ 0.21 at $ 3.79
(All figures are in Canadian dollars.)
Futures Prices as of March 26, 2020
Prices are in Canadian dollars per metric ton